Billy Monger, 17, had to have both legs amputated after the high-speed crash at Donington Park on Sunday. Monger’s JHR Developments team set up a JustGiving page on Wednesday afternoon with the aim of raising £260,000 and the target was reached within hours. Monger was left fighting for his life after he was injured in a collision with the car being driven by Patrik Pasma, which appeared to have stopped on the racetrack. After being trapped in his car for an hour and a half at the circuit, Monger was airlifted to the nearby Queen’s Medical Centre in Nottingham.

Lewis Hamilton and Jenson Button have backed a fund to raise money for the teenage British Formula 4 driver who lost both his legs in the horrific smash. Mercedes driver Hamilton, who has 4.32 million followers on Twitter, tweeted about Monger after hearing of the “tragic incident” adding: “Thoughts and prayers are with you and your family, @BillyMonger”.

Button wrote on his Instagram account: “Hey guys this fellow racer Billy Monger had a big shunt this past weekend at Donington and sadly Billy has had amputations to both legs. This guy needs our help so if you can please donate, I will be doing as much as I can to help this dude out. The donations will be used to fund the care, treatments and therapies required by Billy in the immediate future and going forward, helping him to return to a full and active life.”